AIG No Exam Life Insurance

American General Life Insurance Company (AIG) is a major name in the insurance industry that offers a wide variety of insurance products including life insurance alternatives such as Accidental Death Insurance.  AIG also offers a no exam life insurance option. Their no exam policy is a guaranteed whole life policy designed for people who are having difficulty getting covered by other insurance companies. You can get up to $25,000 in coverage, and accelerated death riders are included with every policy. It’s not the right option if you’re looking for a large policy amount or if you’re under 50, but AIG’s Guaranteed Issue Whole Life policy is a great choice for some families. Our guide can help you learn more about AIG’s no exam life insurance policy and give you the information you need to decide if it’s a smart solution for you.

AIG’s Guaranteed Issue Whole Life Overview

AIG’s Guaranteed Issue Whole Life policy is a life insurance option designed with seniors in mind. AIG doesn’t require a medical exam or medical questions during the application process. In fact, you don’t need to worry about your health when you apply. Even if you have multiple medical conditions, you can secure a Guaranteed Issue Whole Life policy from AIG. The policy is a whole life policy. That means you’ll be covered for the rest of your life as long as you pay the premiums. The policy won’t expire and your premiums won’t change.

You can read more key details about AIG’s Guaranteed Issue Whole Life below:

• Coverage type: Whole
• Waiting period: Yes. This policy won’t pay out the full death benefit if you die within the first two years after purchase. Instead, your beneficiary will receive a payout that is equal to all premium payments you’ve made so far plus interest.
• Coverage range: $5,000 to $25,000
• Age range: 50 to 80
• Medical exam: Not required
• Health questions: No
• Application process: You can start your application by getting a quote online. An AIG agent will then call you to ask additional questions and finalize your application. Alternatively, you can apply by calling AIG.
• Underwriting: Guaranteed issue
• Approval time: Most applicaticants receive a decision in under 15 minutes
• Riders included: Accelerated death (Terminal Illness and Chronic illness). Riders are not available to California residents. 
• Option to convert policy: No

How much does AIG no exam life insurance cost?

Your cost for AIG no exam life insurance depends on the policy amount you choose, and on your personal information. Although AIG doesn’t look at your health information for this policy, they will look at your age, gender, and smoking status. That’s why rates are lower for customers who purchase a policy in their early 50s than they are for customers who purchase a policy in their late 70s. In addition to your monthly premium, you’ll pay a yearly $24 policy fee when you have an AIG no exam life insurance policy.

You can see sample rates for AIG’s no exam guaranteed issue whole life product for a 65 year old male. We have also included rates from other companies that also offer a guaranteed issue whole life product.

Coverage Amount	AIG	Gerber	Great Western	UHL
$5,000	$48.30	$44.78	$50.00	$59.86
$10,000	$94.60	$88.64	$97.08	$115.38
$15,000	$140.90	$132.50	$144.17	N/A
$20,000	$207.70	$176.37	$191.25	N/A
$25,000	$259.12	$220.23	$238.33	N/A

What questions does the application ask?

AIG doesn’t require a medical exam or medical questions. The application is brief and will only ask you for personal information such as your name, address, age, and a designated beneficiary. You’ll also need to select the amount of coverage you’d like to purchase.

AIG’s Guaranteed Issue Whole Life Policy states that acceptance is 100 percent guaranteed. However, this isn’t always the case. Although it’s true that AIG extends policies to customers that might otherwise have a difficult time obtaining courage, such as nursing home residents or people receiving dialysis treatments, there are a few people who cannot purchase a Guaranteed Issue Whole Policy.

You can’t buy an AIG Guaranteed Issue Whole Life Policy if you:

• Do not have a Social Security Number
• Live in New York State
• Are under 50
• Are over 80

How to buy AIG no exam life insurance

You can buy a no exam policy from AIG directly from AIG or through an agent. To get started you can choose to:

• Use an online broker— Online life insurance brokers are one of the best ways to see quotes from multiple companies at once. You can enter your information and then get rates from multiple companies. You can then comparison shop to see which policy and company is your best option. If you choose to buy a no exam policy from AIG, an online broker site can help you submit an application.
• Contact an independent agent— Independent insurance agents are experts who can help you find the best insurance policy for you. They can explain the AIG no exam policy and similar policies to and show you quotes. They can submit your application for you and walk you through the process step-by-step.
• Work directly with AIG— You can speak with AIG directly by calling (800-294-4544) to get a quote and start an application. You can also get a quote online and agree to have an AIG agent contact you.

AIG life insurance financial ratings

Financial ratings for insurance companies are issued by major financial reviewers. They evaluate a company’s financial strength by looking at its current performance and by predicting how well the company is likely to perform in the future. Companies are given a score based on their financial strength.  AIG has strong ratings from multiple financial reviewers. They currently have an A from A.M. Best. Additional financial rates include an A+ rating from Fitch Ratings and an A from A+ S&P Global.

AIG complaints

The National Association of Insurance Commissioners (NAIC) tracks and averages complaints made against insurance companies.  The NAIC averages those complaints and their resolutions to give insurance companies a score called a complaint index. The baseline, or average, score on the NAIC complaint index is 1.00. A score of less than 1.00 indicates that a company has received fewer complaints than average. A score of greater than 1.00 indicates that a company has received more complaints than average. AIG currently has an NAIC complaint index of  0.50. This means customers have fewer complaints about AIG than similar insurance companies.

How to cancel AIG life insurance

There are two ways to cancel an AIG life insurance policy. The first option is to call AIG directly and speak to their customer care team. When you call, you’ll need to tell the representative your name and policy number. You can then tell the representative you’d like to cancel your policy. The representative will be able to cancel it for you. There are no other steps to take or forms to fill out. It’s a good idea to request an email or letter for your records that confirms your policy cancellation. You can reach AIG customer service by calling (800) 888-2452.

You can also cancel your policy online. As long as you already have an online account set up to manage your policy, you can use it to cancel your policy at any time. You’ll need to login into your eService account and then send a message to customer service through your secure messaging center. Your message should state that you’d like to cancel your policy and should request a confirmation email.

How to file a life insurance claim with AIG

You can start a life insurance claim by calling (844) 452-3832 to speak with an AIG claims specialist or by filling out an online claim form.  You’ll need to provide the same information about yourself and the policyholder no matter which method you use to contact AIG.

AIG will need to know:

• Your name
• Your contact information
• Your relationship to the policyholder
• The policy number
• The policyholder’s name
• The policyholder’s date of birth
• The policyholder’s date of death
• The policyholder’s cause of death (if known)
• The funeral home name
• Names and contact information for any beneficiaries

You’ll be contacted if AIG needs any information about the policyholder, their cause of death, or about contacting any beneficiaries.

How long does it take for AIG to pay?

AIG says the payment times can depend on both the policy amount and on their investigation. You’ll be contacted within 24 hours if  the policy benefit amount is under $15,000. AIG will let you know if they need additional information. Once AIG receives proof of death, a check will be mailed within 5 days.

For policies with death benefits of over $15,000, AIG will send a claims packet to all beneficiaries within 5 days after the initial claim is made. The packet will include forms beneficiaries will need to fill out in order to receive payments. Once AIG has received proof of death and all needed paperwork, they’ll process and pay the claim within 5 business days. Claims that require investigation will take longer.

AIG customer service contact info

You can contact AIG using these numbers:

• Customer care: 800-225-5244
• Claims help: 888-493-6902
• For additional coverage: 844- 452-3832 you’ll need to provide the same information about yourself and the policyholder.